| A. | Internal diseconomies, internal economies |
| B. |
Internal economies, internal diseconomies
|
| C. | External diseconomies, internal economies |
| D. | Internal diseconomies, external economies |
|
Option: A Explanation : Click on Discuss to view users comments. |
| A. |
There are few firms producing entirely different goods
|
| B. |
There are few firms producing complementary goods.
|
| C. |
There are few firms producing close substitutes.
|
| D. |
There are two or more monopolistic firms.
|
|
Option: C Explanation : Click on Discuss to view users comments. |
Imperfect competition arises when
| A. | There is imperfect rivalry among competitors |
| B. |
There are unexplainable imperfections in the market
|
| C. | Competition does not exist |
| D. |
Product variation, ignorance of consumers and distance and transport costs lead to imperfections in the competitive
market which operates on certain assumptions.
|
|
Option: D Explanation : Click on Discuss to view users comments. |
